Meaning of the word "cash discount" in English

What does "cash discount" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

cash discount

US /kæʃ ˈdɪskaʊnt/
UK /kæʃ ˈdɪskaʊnt/
"cash discount" picture

Noun

1.

a reduction in the price of goods or services allowed to a buyer in return for prompt payment

Example:
We offer a 2% cash discount for payments made within 10 days.
The store gives a cash discount if you pay with debit card instead of credit card.
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